Oil Revenues

Pompeo says US restricted Iran's access to oil revenues

TEHRAN, Nov. 23 (MNA) – The US Secretary of State claimed that US sanctions have prevented Iran from directly accessing 70 billion dollars in oil revenues.

West wants to avoid strategic coop. between Iran, East

TEHRAN, Aug. 09 (MNA) – In a tweet on Sunday, Secretary of Iran’s Supreme National Security Council (SNSC) Rear Admiral Ali Shamkhani wrote that the west is in favor of avoiding Iran from developing ties with the eastern countries.

Iran likely to sue South Korea for unpaid debts: FM spox

TEHRAN. Jul. 19 (MNA) – Iran may officially sue South Korea as Seoul refrains from paying off its oil debts to Tehran, said the Iranian foreign ministry’s spokesman.

Next year budget not oil-reliant: Nobakht

TEHRAN, Oct. 09 (MNA) – Head of the Plan and Budget Organization (PBO) Mohammad-Bagher Nobakht said Wednesday that “we can say next year's budget does not rely on oil revenues and we will not spend even one Rial of oil income on the current operating budget neither on the expenditures.”

Iran to cut budget dependency on oil revenues to zero: Nobakht

TEHRAN, Aug. 11 (MNA) – Head of the Plan and Budget Organization Mohammad-Bagher Nobakht said Sun. that the new reforms in the structure of the country’s budget aim at cutting direct dependency on oil revenues to zero.

Security com. chair warns of INSTEX plans to put all revenues in one place

TEHRAN, Jul. 03 (MNA) – Chairman of Parliament’s national security commission said Iran will not agree to EU’s trade mechanism if it is aimed at putting all of Iran’s oil revenues into one place which could be taken advantage of by US.

Regional countries given no free rein on oil revenues: road min.

TEHRAN, Jun. 26 (MNA) – “In our region, there are countries that are selling oil but are not allowed to spend their revenues on what they want,” Iranian Road Minister Mohammad Eslami said on Wednesday.

BY: Haniyeh Sadat Jafariyeh

Road from oil-reliant economy to oil free one

TEHRAN, Jun. 12 (MNA) – The US-led sanctions, imposed to squeeze Iran’s oil-reliant economy by restricting oil revenues, has made the need for moving toward a non-oil economy for Iran ever-increasing.

How to manage country without oil: Parl. Research Center

TEHRAN, Jun. 10 (MNA) – In its recent report, the Research Center of the Iranian Parliament has discussed ways to reach a non-oil economy, the one which is not dependent on oil revenues.

Reliance on oil revenues less than 30%: Veep

TEHRAN, May 14 (MNA) – The Iranian first Vice-President Es’hagh Jahangiri announced on Tuesday that the country’s reliance on oil income has dropped below 30 percent.

Transfer of oil revenues via INSTEX ‘off the table’: MP

TEHRAN, Feb. 05 (MNA) – Chairman of Parliament’s Economic Committee said Tue. that EU’s recently created trade mechanism for Iran (INSTEX) has excluded the transfer of Iran’s oil revenues, adding the mechanism has no timetable or contract bond.

US to be ‘wheelchair bound’ if attacks Iran: Larijani

TEHRAN, Feb. 02 (MNA) – Speaker of Iranian Parliament Ali Larijani in reaction to US’ military threats against Iran advised Washington to play it wise, or it would “step on a landmine and be confined to a wheelchair.”

By: Ebrahim Fallahi

Will Iran’s oil revenues satisfy next year’s budget expectations?

TEHRAN, Jan. 23 (MAN) – Despite enjoying a great variety of income sources besides oil, Iran is undeniably dependent on oil revenues for managing its financial affairs. According to economists, near 70% of the Iranian government’s total income comes from selling oil and oil products.

CBI governor:

Oil forex revenues to be used for necessity goods import

TEHRAN, Jan. 06 (MNA) – Governor of the Central Bank of Iran said Sat. that the foreign currency generated from oil revenues will be allocated to the import of necessity and strategic goods.